EliteTradingSignals

CAD/JPY SHORT FROM RESISTANCE

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FX:CADJPY   加元 / 日圓
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Bearish trend on CAD/JPY, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 110.959.

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I stand by my prediction and my idea is confirmed by the fact that the pair is moving towards the target!

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